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Italy’s CNH and China’s FAW in Talks Over Truck Maker Iveco
CNH Industrial is in talks with China’s FAW over the future of truck maker Iveco, the Italian-American group said recently after sources told Reuters it had revived previously aborted negotiations.
Source: Reuters Read The Article
PSR Analysis: Another positive development in the industry during such a gloomy crisis, FAW fits the merger success story I just mentioned about the few surviving companies. There are for sure many challenges ahead with the acquisition, particularly…
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VW To Build $3 Billion EV Plant in East China
Jack Hao VW China has increased its share in the electric vehicle joint venture JAC Volkswagen to 75% and obtained joint venture management rights. At the same time, it has obtained a 26% stake in the EV battery maker Gotion High-Tech to support the future electrification of the group. The total investment of the above two projects is estimated to be about €2 billion.
The plant, which has an estimated investment of US$3.06 billion (20 billion yuan) from both Volkswagen and JAC Motors, will be finished by the end of 2022, and its first vehicle will roll off the assembly line in 2023.
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Tesla Cuts Prices of China-Made Cars
Jack Hao Taking advantage of new battery options and big government subsidies, Tesla has slashed its Model 3 prices in China. The company’s Chinese website is now advertising a base price for the popular battery-electric sedan of 249,900 yuan, or roughly $36,800.
While this is big news for the company in its efforts to remain dominant in the Chinese market, U.S. consumers won’t be affected…at least, not yet
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TAIWAN REPORT: First Self-Driving Bus on Three-Month Trial in Tainan
A month ago, the first self-driving bus operations begun its three-month trial in the southern Taiwanese city of Tainan. It is the first revenue-generating service of autonomous rapid transit (ART) project supported by the central and local governments. The goal is to launch commercial operation across the country in 2021.
Erik Martin “Autonomous technology will lead a revolutionary change to the city’s transportation systems,” said Huang Wei-Cher, Mayor of Tainan. “The smart transportation initiative will help us improve overall road safety, operational efficiency, and rural area transportation services.”
The service will cover two business districts. One service will run on weekends only, on a 2.5km route between Nanke Railway Station and National Museum of Prehistory, while the other will be on weekdays in the 6.4km route along Shalun Smart Green Energy Science City, where a smart vehicle testing site is located.
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Doosan Sells 10,000 Excavators in China in H1 2020
Doosan Infracore announced that it sold 10,728 hydraulic excavators in China in H1 2020. This is the company’s largest sales volume in nine years since it sold more than 12,000 units in the market in H1 2011. The company sold 1,320 excavators in June, a 23% increase in sales over the previous year.
Akihito Komuro China’s hydraulic excavator market suffered a slowdown in the first two months of the year due to COVID-19 but is now consistently showing signs of a rapid recovery. Overall sales in the Chinese hydraulic excavator market exceeded 155,000 units in H1 2020, significantly exceeding the 125,000 units sold nationwide in H1 2019.
Source: Kikai-News (The original article was partially revised by the author.)
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How Does Market Brace for Low Speed EV Impact?
By August 12, after 20 days of product launch, SGMW’s MINI EV will hit a sales record of 15,000 vehicles, making it the world’s fastest car model reaching the threshold of 10,000 units.
Source: D1 EV Read The Article
Qin Fen PSR Analysis: Consider BYD’s electric bus, SGMW’s MINI EV, as well as premium car brands like Tesla: These traditional and emerging automotive OEMs are reformulating rules of the auto game, with their own proprietary technology.
As a matter of…
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National Grid Joins Switch-on Mode Team
Qin Fen In July, MIIT (Ministry of Industry and Information Technology summoned a meeting with local governments, industry associations and automotive companies on battery switch-on implementation. People attending offered thoughts on implementing battery switch-on operations, sharing recommendations for policy and discussing challenges of proposed actions.
Source: D1 EV Read The Article
PSR Analysis: Electric vehicle development is facing several different technology road…
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Thoughts on Battery Change for New Energy Vehicle, using Big Data
Qin Fen The symposium of battery change mode for new energy vehicle was held June 15 in Xuzhou, Jiangsu. Data from National Big Data Alliance of New Energy Vehicles suggests that over 3 million new energy vehicles were in the system in 2019 and 900,000 vehicles are running daily. Data also suggest that new energy vehicle GVW range primarily falls under 4.5 tons.
Source: Sohu Read The Article
PSR Analysis: Many numbers are in the article, some contradictory. As one of the truck…
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Geely Poised to Acquire CAMC
According to a statement from CAMC, a.k.a Hualing Xingma, China automotive manufacturer Geely, will acquire a 15.4% position in the company.
Qin Fen Source: CV World Read The Article
PSR Analysis: A win-win situation for CAMC and Geely. There are still some legal proceedings to finish, but once it’s done, CAMC will save itself from financial trouble and Geely will add an asset to its commercial vehicle lineup. PSR
Qin Fen Is Business Development Manager for Power Systems Rese…
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TAIWAN REPORT: No New Coronavirus Cases
April 17, 2020–Taiwan reported no new coronavirus cases on April 14, 2020, marking the first-time authorities there have reported zero new cases in more than a month. It’s also the latest achievement for a health system that first acted to prevent the spread of COVID-19 in December.
Erik Martin With a population of around 23 million, Taiwan has only 393 confirmed COVID-19 cases; six people have died from the disease. The last time Taiwan’s Central Epidemic Command Center announced no new cases was on March 9 – 36 days ago.
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